Oil
![Oil](/cache/01-19/PRICE-018.af0da801.jpg)
2019, January, 16, 11:40:00
OIL PRICE: ABOVE $60
REUTERS - International Brent crude oil futures LCOc1 were at $60.68 per barrel at 0703 GMT, 4 cents above their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were up 2 cents from their last settlement, at $52.13 a barrel.
![Oil](/cache/01-19/PRICE-009.2d1e9df4.jpg)
2019, January, 16, 11:20:00
OIL MARKET BALANCE
REUTERS - “If we look beyond the noise of weekly data and speculators’ herd-like behavior, I remain convinced that we’re on the right track, and that the oil market will quickly return to balance,” said Falih, addressing an oil conference in Abu Dhabi.
![Oil](/cache/01-19/PRICE-003.38d7f69d.jpg)
2019, January, 16, 11:15:00
OIL PRICE LEVEL: $70
AN - Bank of America Merrill Lynch has retained its forecast that oil will average at $70 this year, after prices rebounded from a two-year low in December.
![Oil](/cache/01-19/PRICE-015.dd8c16f6.jpg)
2019, January, 16, 11:10:00
OIL PRICES 2019-20: $61-65
U.S. EIA - EIA forecasts Brent prices will average $61 per barrel (b) in 2019 and $65/b in 2020. In 2018, Brent prices averaged $71/b.
![Oil](/cache/01-19/PRICE-006.f1d9fe6e.jpg)
2019, January, 16, 11:05:00
OPEC WILL DOWN 800 TBD
SHANA - the OPEC Conference that unanimously decided on December 7 to adjust OPEC overall production by 0.8 mb/d from October 2018 levels, effective as of January 2019, for an initial period of six months.
![Oil](/cache/01-19/PRICE-982.a8a1101e.jpg)
2019, January, 14, 12:20:00
OIL PRICE: NEAR $60
REUTERS - International Brent crude oil futures were at $59.88 per barrel at 0816 GMT, down 60 cents, or 1 percent from their last close. U.S. West Texas Intermediate (WTI) crude futures were down 59 cents, or 1.1 percent, at $51 a barrel.
![Oil](/cache/01-19/PRICE-979.b0c85090.jpg)
2019, January, 14, 12:10:00
RUSSIA'S OIL PRODUCTION DOWN 30 TBD
PLATTS - Russia has already lowered its oil output by around 30,000 b/d compared with October volumes, used as a baseline under the latest OPEC/non-OPEC crude production agreement, and still plans to reach a cut of 50,000 b/d by the end of January, Russian energy minister Alexander Novak said Friday.
![Oil](/cache/01-19/CHINA-194.834f7f04.jpg)
2019, January, 14, 12:05:00
CHINA'S OIL IMPORTS UP 10%
PLATTS - China's crude oil imports surged 29.9% year on year to 10.35 million b/d in December, bringing total imports to 9.28 million b/d in 2018, up 10.1% year on year, preliminary data from the General Administration of Customs showed Monday.
![Oil](/cache/01-19/PRICE-985.cb5d85b4.jpg)
2019, January, 14, 11:55:00
IRAN'S OIL FOR INDIA DOWN 41%
REUTERS - India’s oil imports from Iran fell by 41 percent in December to 302,000 barrels per day oil (bpd), ship tracking data reviewed by Reuters showed, as pressure from U.S. sanctions took effect.
![Oil](/cache/01-19/PRICE-976.2ad40860.jpg)
2019, January, 14, 11:45:00
OIL NEED INVESTMENT
PLATTS - Oil prices averaging $70/b in 2018 underscore the need for more investment in new supply, UAE energy minister Suhail al-Mazrouei told delegates at the Atlantic Council's Global Energy Forum in Abu Dhabi on Saturday.
![Oil](/cache/01-19/SAUDI-112.c2b4bd53.jpg)
2019, January, 14, 11:20:00
SAUDI ARAMCO BONDS: $10 BLN
PLATTS - Saudi Arabia's state-owned oil giant Aramco will seek to sell around $10 billion in bonds to help fund the purchase of petrochemicals firm Sabic, Saudi energy minister Khalid al-Falih said Sunday.
![Oil](/cache/01-19/PAKISTAN-16.01aa7b98.jpg)
2019, January, 14, 11:15:00
SAUDI'S INVESTMENT FOR PAKISTAN: $10 BLN
REUTERS - Saudi Arabia plans to set up a $10 billion oil refinery in Pakistan’s deepwater port of Gwadar, the Saudi energy minister said on Saturday, speaking at the Indian Ocean port that is being developed with the help of China.
![Oil](/cache/01-19/PRICE-973.5b061f45.jpg)
2019, January, 11, 11:55:00
OIL PRICE: NEAR $62
REUTERS - International Brent crude futures LCOc1 were at $61.62 per barrel at 0749 GMT, down 6 cents, or 0.1 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were 4 cents above their last settlement, at $52.63 per barrel.
![Oil](/cache/01-19/RUSSIA-319.2eae126f.jpg)
2019, January, 11, 11:50:00
РЕКОРДЫ ЭНЕРГЕТИКИ РОССИИ
МИНЭНЕРГО РОССИИ - “В нефтяной отрасли мы в 2018 году по итогам года добыли 556 миллионов тонн нефти. Это на 10 миллионов тонн больше, чем в 2017 году. Прирост составил 1,6 процента. Было введено в эксплуатацию 54 месторождения. В газовой отрасли также побит 18-летний рекорд по добыче – 725 миллиардов кубических метров газа добыто. Это составляет примерно пятипроцентный прирост к 2017 году”, - сообщил Александр Новак.
![Oil](/cache/01-19/NORWAY-192.11ff8246.jpg)
2019, January, 11, 11:30:00
NORWAY'S PETROLEUM PRODUCTION WILL UP
NPD - The Norwegian Petroleum Directorate’s forecasts show that, after a minor decline in 2019, oil and gas production will increase from 2020 and up to 2023. Overall production will then approach the record year of 2004.